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Compass Diversified Holdings（CODI）与礼恩派（LEG）财务数据对比。点击上方公司名可切换其他公司
礼恩派的季度营收约是Compass Diversified Holdings的2.0倍（$938.6M vs $468.6M）。礼恩派净利率更高（2.7% vs -16.8%，领先19.5%）。Compass Diversified Holdings同比增速更快（-5.1% vs -11.2%）。礼恩派自由现金流更多（$101.9M vs $36.9M）。过去两年Compass Diversified Holdings的营收复合增速更高（6.8% vs -7.5%）
Compass Diversified Holdings是一家上市控股公司，专注于收购和运营中端市场企业，业务覆盖消费品、工业制造、户外休闲、食品饮料等多个领域，通过与被投企业管理团队合作，推动长期运营增长与价值创造，主要服务北美市场。
礼恩派（Leggett & Platt）总部位于美国密苏里州迦太基，是一家多元化制造企业，成立于1883年。公司专注于设计生产各类工程组件及产品，广泛应用于家居与汽车领域。目前旗下设有15个业务单元，在全球18个国家拥有135座生产工厂，员工总数达2万名。
CODI vs LEG — 直观对比
营收规模更大
LEG
是对方的2.0倍
$468.6M
营收增速更快
CODI
高出6.0%
-11.2%
净利率更高
LEG
高出19.5%
-16.8%
自由现金流更多
LEG
多$65.0M
$36.9M
两年增速更快
CODI
近两年复合增速
-7.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $468.6M | $938.6M |
| 净利润 | $-78.8M | $25.1M |
| 毛利率 | 43.1% | 17.9% |
| 营业利润率 | 9.8% | 2.0% |
| 净利率 | -16.8% | 2.7% |
| 营收同比 | -5.1% | -11.2% |
| 净利润同比 | -14.4% | 76.8% |
| 每股收益（稀释后） | $-0.91 | $0.18 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CODILEG
| Q4 25 | $468.6M | $938.6M | ||
| Q3 25 | $472.6M | $1.0B | ||
| Q2 25 | $478.7M | $1.1B | ||
| Q1 25 | $453.8M | $1.0B | ||
| Q4 24 | $493.9M | $1.1B | ||
| Q3 24 | $456.6M | $1.1B | ||
| Q2 24 | $426.7M | $1.1B | ||
| Q1 24 | $410.8M | $1.1B |
净利润CODILEG
| Q4 25 | $-78.8M | $25.1M | ||
| Q3 25 | $-74.0M | $127.1M | ||
| Q2 25 | $-51.2M | $52.5M | ||
| Q1 25 | $-30.0M | $30.6M | ||
| Q4 24 | $-68.9M | $14.2M | ||
| Q3 24 | $-36.0M | $44.9M | ||
| Q2 24 | $-73.1M | $-602.2M | ||
| Q1 24 | $-56.2M | $31.6M |
毛利率CODILEG
| Q4 25 | 43.1% | 17.9% | ||
| Q3 25 | 44.0% | 18.7% | ||
| Q2 25 | 43.6% | 18.2% | ||
| Q1 25 | 43.2% | 18.6% | ||
| Q4 24 | 38.6% | 16.6% | ||
| Q3 24 | 43.1% | 18.2% | ||
| Q2 24 | 44.1% | 16.5% | ||
| Q1 24 | 42.6% | 17.0% |
营业利润率CODILEG
| Q4 25 | 9.8% | 2.0% | ||
| Q3 25 | -2.3% | 14.9% | ||
| Q2 25 | -5.7% | 6.8% | ||
| Q1 25 | 0.8% | 4.4% | ||
| Q4 24 | -3.8% | 2.4% | ||
| Q3 24 | 1.8% | 5.2% | ||
| Q2 24 | 1.8% | -56.2% | ||
| Q1 24 | -2.9% | 3.9% |
净利率CODILEG
| Q4 25 | -16.8% | 2.7% | ||
| Q3 25 | -15.7% | 12.3% | ||
| Q2 25 | -10.7% | 5.0% | ||
| Q1 25 | -6.6% | 3.0% | ||
| Q4 24 | -13.9% | 1.3% | ||
| Q3 24 | -7.9% | 4.1% | ||
| Q2 24 | -17.1% | -53.4% | ||
| Q1 24 | -13.7% | 2.9% |
每股收益（稀释后）CODILEG
| Q4 25 | $-0.91 | $0.18 | ||
| Q3 25 | $-1.21 | $0.91 | ||
| Q2 25 | $-0.88 | $0.38 | ||
| Q1 25 | $-0.59 | $0.22 | ||
| Q4 24 | $-0.57 | $0.10 | ||
| Q3 24 | $-0.62 | $0.33 | ||
| Q2 24 | $-1.12 | $-4.39 | ||
| Q1 24 | $-1.52 | $0.23 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $68.0M | $587.4M |
| 总债务越低越好 | $1.9B | $1.5B |
| 股东权益账面价值 | $442.0M | $1.0B |
| 总资产 | $3.0B | $3.5B |
| 负债/权益比越低杠杆越低 | 4.25× | 1.46× |
8季度趋势，按日历期对齐
现金及短期投资CODILEG
| Q4 25 | $68.0M | $587.4M | ||
| Q3 25 | $61.1M | $460.7M | ||
| Q2 25 | $73.8M | $368.8M | ||
| Q1 25 | $146.2M | $412.6M | ||
| Q4 24 | $59.7M | $350.2M | ||
| Q3 24 | $64.9M | $277.2M | ||
| Q2 24 | $61.5M | $307.0M | ||
| Q1 24 | $59.5M | $361.3M |
总债务CODILEG
| Q4 25 | $1.9B | $1.5B | ||
| Q3 25 | $1.9B | $1.5B | ||
| Q2 25 | $1.9B | $1.8B | ||
| Q1 25 | $1.9B | $1.9B | ||
| Q4 24 | $1.8B | $1.9B | ||
| Q3 24 | $1.8B | $1.6B | ||
| Q2 24 | $1.7B | $1.7B | ||
| Q1 24 | $1.7B | $1.8B |
股东权益CODILEG
| Q4 25 | $442.0M | $1.0B | ||
| Q3 25 | $519.2M | $971.8M | ||
| Q2 25 | $601.9M | $855.0M | ||
| Q1 25 | $680.7M | $746.8M | ||
| Q4 24 | $678.6M | $689.4M | ||
| Q3 24 | $672.2M | $741.0M | ||
| Q2 24 | $711.3M | $667.6M | ||
| Q1 24 | $799.7M | $1.3B |
总资产CODILEG
| Q4 25 | $3.0B | $3.5B | ||
| Q3 25 | $3.2B | $3.5B | ||
| Q2 25 | $3.3B | $3.7B | ||
| Q1 25 | $3.4B | $3.7B | ||
| Q4 24 | $3.3B | $3.7B | ||
| Q3 24 | $3.3B | $3.8B | ||
| Q2 24 | $3.2B | $3.8B | ||
| Q1 24 | $3.3B | $4.6B |
负债/权益比CODILEG
| Q4 25 | 4.25× | 1.46× | ||
| Q3 25 | 3.62× | 1.54× | ||
| Q2 25 | 3.09× | 2.10× | ||
| Q1 25 | 2.73× | 2.59× | ||
| Q4 24 | 2.61× | 2.70× | ||
| Q3 24 | 2.64× | 2.13× | ||
| Q2 24 | 2.42× | 2.55× | ||
| Q1 24 | 2.15× | 1.38× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $47.0M | $121.5M |
| 自由现金流经营现金流 - 资本支出 | $36.9M | $101.9M |
| 自由现金流率自由现金流/营收 | 7.9% | 10.9% |
| 资本支出强度资本支出/营收 | 2.2% | 2.1% |
| 现金转化率经营现金流/净利润 | — | 4.84× |
| 过去12个月自由现金流最近4个季度 | $-51.1M | $281.0M |
8季度趋势，按日历期对齐
经营现金流CODILEG
| Q4 25 | $47.0M | $121.5M | ||
| Q3 25 | $10.7M | $125.9M | ||
| Q2 25 | $-35.2M | $84.0M | ||
| Q1 25 | $-29.3M | $6.8M | ||
| Q4 24 | $-16.1M | $122.3M | ||
| Q3 24 | $-48.4M | $95.5M | ||
| Q2 24 | $-61.3M | $94.0M | ||
| Q1 24 | $-25.4M | $-6.1M |
自由现金流CODILEG
| Q4 25 | $36.9M | $101.9M | ||
| Q3 25 | $481.0K | $110.1M | ||
| Q2 25 | $-46.0M | $75.5M | ||
| Q1 25 | $-42.4M | $-6.5M | ||
| Q4 24 | $-39.0M | $100.5M | ||
| Q3 24 | $-63.5M | $77.1M | ||
| Q2 24 | $-72.2M | $78.5M | ||
| Q1 24 | $-33.1M | $-32.0M |
自由现金流率CODILEG
| Q4 25 | 7.9% | 10.9% | ||
| Q3 25 | 0.1% | 10.6% | ||
| Q2 25 | -9.6% | 7.1% | ||
| Q1 25 | -9.4% | -0.6% | ||
| Q4 24 | -7.9% | 9.5% | ||
| Q3 24 | -13.9% | 7.0% | ||
| Q2 24 | -16.9% | 7.0% | ||
| Q1 24 | -8.1% | -2.9% |
资本支出强度CODILEG
| Q4 25 | 2.2% | 2.1% | ||
| Q3 25 | 2.2% | 1.5% | ||
| Q2 25 | 2.3% | 0.8% | ||
| Q1 25 | 2.9% | 1.3% | ||
| Q4 24 | 4.6% | 2.1% | ||
| Q3 24 | 3.3% | 1.7% | ||
| Q2 24 | 2.6% | 1.4% | ||
| Q1 24 | 1.9% | 2.4% |
现金转化率CODILEG
| Q4 25 | — | 4.84× | ||
| Q3 25 | — | 0.99× | ||
| Q2 25 | — | 1.60× | ||
| Q1 25 | — | 0.22× | ||
| Q4 24 | — | 8.61× | ||
| Q3 24 | — | 2.13× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -0.19× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CODI
| Other | $119.5M | 26% |
| A5.11Tactical | $113.9M | 24% |
| Sterno Products | $85.9M | 18% |
| Altor | $60.8M | 13% |
| The Honey Pot | $36.0M | 8% |
| Arnold | $25.4M | 5% |
| Velocity Outdoor | $18.7M | 4% |
| Lugano | $8.3M | 2% |
LEG
| Bedding Products | $373.8M | 40% |
| Flooring And Textile Products Group | $196.9M | 21% |
| Automotive Group | $194.9M | 21% |
| Work Furniture Group | $66.2M | 7% |
| Home Furniture Group | $61.0M | 6% |
| Hydraulic Cylinders | $45.8M | 5% |
